XN000022-1991-06-25 — Page 6

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TUESDAY, JUNE 25, 1991

SUMMARY RESULTS OF THE 1989 SURVEY OF STORAGE, COMMUNICATION, FINANCING, INSURANCE AND BUSINESS SERVICES

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TWO HUNDRED AND SEVEN STORAGE ESTABLISHMENTS WERE IN OPERATION DURING THE WHOLE OR PART OF 1989, REPRESENTING AN INCREASE OF 10% COMPARED WITH 1988.

MEANWHILE, A TOTAL OF 4,384 PERSONS WERE ENGAGED IN THESE ESTABLISHMENTS, REPRESENTING AN INCREASE OF 2% OVER 1988, ACCORDING TO THE SUMMARY RESULTS OF THE 1989 SURVEY OF STORAGE, COMMUNICATION FINANCING, INSURANCE AND BUSINESS SERVICES RELEASED TODAY (TUESDAY BY THE CENSUS AND STATISTICS DEPARTMENT.

THESE ESTABLISHMENTS GENERATED $2,423 MILLION OF BUSINESB RECEIPTS AND OTHER INCOME (+37%), AND SPENT #383 MILLION ON COMPENSATION OF EMPLOYEES (+19%) AND $1,439 MILLION ON

ON OPERATING EXPENSES (+30%).

THE VALUE ADDED OF THIS SECTOR INCREASED BY 35% OVER 1988 TO 1,117 MILLION IN 1989. VALUE ADDED IS A MEASURE OF THE CONTRIBUTION OF AN ECONOMIC SECTOR TO HONG KONG'S GROSS DOMESTIC PRODUCT.

ALL VALUE FIGURES ARE EXPRESSED IN CURRENT PRICE TERMS: PERCENTAGE CHANGES DERIVED FROM THESE FIGURES HAVE NOT BEEN ADJUSTED FOR PRICE INCREASES.

IN THE COMMUNICATION SECTOR WHICH INCLUDES TELEPHONE, TELEGRAPH, COURIER, RADIO-PAGING AND OTHER TELECOMMUNICATION COMPANIES, THERE WERE 424 ESTABLISHMENTS IN OPERATION IN 1989, AN INCREASE OF 48% OVER 1988.

ON THE SAME BASIS OF COMPARISON, THE TOTAL NUMBER OF PERSONS ENGAGED ROSE BY 5% TO 26,105.

COMPENSATION OF EMPLOYEES AMOUNTED ΤΟ $2,910 MILLION (AN INCREASE OF 24%) AND OPERATING EXPENSES TO $4,942 MILLION (+21%).

BUSINESS RECEIPTS AND OTHER INCOME INCREASED BY 17% TO $14,419 MILLION, WHILE THE CONTRIBUTION OF THIS SECTOR TO THE GROSS DOMESTIC PRODUCT IN TERMS OF VALUE ADDED INCREASED BY 19% TO $8,447 MILLION.

IN THE FINANCING SECTOR, 3,386 ESTABLISHMENTS WERE IN OPERATION DURING 1989, AN INCREASE OF 14% WHEN COMPARED WITH 1988.

THIS SECTOR COMPRISES LOAN AND MORTGAGE COMPANIES, CREDIT INSTITUTIONS, FINANCE LEASING, PAWNSHOPS, INVESTMENT AND HOLDING COMPANIES, SECURITIES, FUTURES AND GOLD BULLION BROKERS AND MONEY CHANGERS AND FOREIGN EXCHANGE BROKERS AND DEALERS.

DEALERS,

COMPARED WITH 1988, THE SECTOR'S TOTAL NUMBER OF PERSONS ENGAGED WENT UP BY 11% TO 35,603.

/COMPENSATION OF